Click here to download our Q2 2018 Funding and M&A Executive Summary on Battery Storage, Smart Grid, and Efficiency

Mercom found that in the first half (1H) of 2018, $839 million was raised by Battery Storage, Smart Grid, and Efficiency companies compared to $1 billion in 1H 2017.

Battery Storage

VC funding for Battery Storage companies in 1H 2018 was 12 percent higher with $539 million compared to the $480 million raised in 1H 2017.

Energy Storage System companies received the most funding with $166 million.

In 1H 2018 there were a total of eight (one disclosed) Battery Storage M&A transactions, compared to two transactions (one disclosed) in 1H 2017. There were four Battery Storage M&A transactions in Q2 2018. By comparison, there were four Battery Storage M&A transactions in Q1 2018 and one transaction in Q2 2017.

Smart Grid

VC funding for Smart Grid companies in 1H 2018 was 56 percent lower with $135 million compared to the $304 million raised in 1H 2017.

Grid Optimization companies had the largest share of VC funding in 1H 2018 with $55 million in one deal.

In 1H 2018 there were a total of five Smart Grid M&A transactions (all undisclosed), compared to 13 transactions (three disclosed) in 1H 2017. There were four Smart Grid M&A transactions in Q2 2018. By comparison, there was one Smart Grid M&A transaction in Q1 2018 and six transactions in Q2 2017.

Energy Efficiency

VC funding for Energy Efficiency companies in 1H 2018 was 32 percent lower with $165 million compared to the $242 million raised in 1H 2017.

Temperature Control companies captured the most funding with $97 million in two deals in 1H 2018.

In 1H 2018 there were a total of three Efficiency M&A transactions (all undisclosed), compared to five transactions (two disclosed) in 1H 2017. There were two Efficiency M&A transactions in Q2 2018. By comparison, there was one Efficiency M&A transaction in Q1 2018 and Q2 2017 each.

Mercom Capital Group’s Battery Storage, Smart Grid, and Efficiency Funding and M&A Reports are comprehensive high-quality reports delivering superior insight, market trends and analysis. These reports help bring clarity to professionals in the current financial landscape of the smart grid industry.

The Quarterly Funding and M&A Reports contain quarter-over-quarter (QoQ) information on market activity displayed in easy-to-digest charts, graphs and tables, as well as data-driven analysis covering:

• Venture capital funding deals including top investors, QoQ trends, and a breakdown of charts and graphs by stage;
• VC funding by technology;
• Debt and other funding deals;
• Mergers and Acquisitions (M&A) including QoQ trends, with charts and graphs by technologies;
• Battery and storage funding deals;
• Smart Grid funding deals;
• Energy Efficiency funding deals;
• New cleantech funds;

This report also contains comprehensive lists of all announced deals and transactions during the quarter, including:

• VC deals and investors;
• M&A transactions and acquirers;
• New cleantech funds.

There were 92 companies and investors covered in this report. The report is 96 pages in length and contains 90 charts, graphs and tables.